Adapt IT’s headline earnings per share for the six months ended 31 December 2019 will fall by as much as 51.7%, the software group said in a trading statement after markets closed in Johannesburg on Friday.
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Shareholders of 4Sight Holdings have demanded an explanation as to why a special meeting, which took place on 11 October to remove and appoint directors, was “improperly” and “unlawfully” adjourned.
The JSE-listed software services group reported a rare slide in profitability for the year ended 30 June 2019 and has deferred a decision on a dividend payment to shareholders to the end of the year.
Listed software group Adapt IT has delayed publication of its annual results to mid-October and warned of a fall in headline earnings per share.
Listed technology group Adapt IT reported a slight decline in revenue and flat earnings in the six months ended 31 December 2018 as the weak South African economy took its toll.
JSE-listed Adapt IT is acquiring Australia’s Wisenet Group and Wisenet SG in a multimillion-rand deal that looks set to grow the South African software group’s presence in Australasia.
JSE-listed Adapt IT said on Monday it will acquire mobile technology specialist Conor Solutions for R80-million.
TechCentral’s interview with Brett and Mark Levy, the co-CEOs of Blue Label Telecoms, was by far TechCentral’s most popular podcast in September 2018, according to statistics from platform partner iono.fm.
In this episode of the podcast, Duncan McLeod interviews Sbu Shabalala, CEO of the fast-growing JSE-listed software specialist Adapt IT.
Adapt IT will continue aggressively to buy back its own “undervalued” shares, CEO Sbu Shabalala said.